Goldman slashes price target on Mattel Inc. [MAT] – find out why.

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Mattel Inc. [NASDAQ: MAT] gained 3.91% or 0.86 points to close at $22.84 with a heavy trading volume of 3891679 shares. The company report on July 21, 2022 that Mattel Reports Second Quarter 2022 Financial Results.


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Second Quarter 2022 Highlights Versus Prior Year.

Net Sales of $1,236 million, up 20% as reported, and 24% in constant currency.

It opened the trading session at $22.26, the shares rose to $23.02 and dropped to $21.92, the range by which the price of stock traded the whole day. The daily chart for MAT points out that the company has recorded 16.47% gains over the past six months. However, it is still -27.31% lower than its most recent low trading price.

If we look at the average trading volume of 3.53M shares, MAT reached to a volume of 3891679 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Mattel Inc. [MAT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAT shares is $31.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Mattel Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 11, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $27 to $33. The new note on the price target was released on February 24, 2022, representing the official price target for Mattel Inc. stock. Previously, the target price had yet another raise from $28 to $32, while Monness Crespi & Hardt kept a Buy rating on MAT stock. On January 13, 2022, analysts increased their price target for MAT shares from 24 to 30.

The Average True Range (ATR) for Mattel Inc. is set at 0.96, with the Price to Sales ratio for MAT stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 4.98, with the Price to Cash per share for the same quarter was set at 1.41. Price to Free Cash Flow for MAT in the course of the last twelve months was 21.07 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for MAT stock

Mattel Inc. [MAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.85. With this latest performance, MAT shares dropped by -3.14% in over the last four-week period, additionally plugging by 16.47% over the last 6 months – not to mention a rise of 11.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAT stock in for the last two-week period is set at 51.06, with the RSI for the last a single of trading hit 52.92, and the three-weeks RSI is set at 49.98 for Mattel Inc. [MAT]. The present Moving Average for the last 50 days of trading for this stock 23.13, while it was recorded at 22.72 for the last single week of trading, and 22.58 for the last 200 days.

Mattel Inc. [MAT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Mattel Inc. [MAT] shares currently have an operating margin of +14.03 and a Gross Margin at +47.50. Mattel Inc.’s Net Margin is presently recorded at +16.55.

Return on Equity for this stock inclined to 83.41, with Return on Assets sitting at 15.16.

Mattel Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.

Mattel Inc. [MAT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mattel Inc. go to 10.00%.

An analysis of insider ownership at Mattel Inc. [MAT]

There are presently around $7,893 million, in the hands of institutional investors. The top three institutional holders of MAT stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 45,237,859, which is approximately -0.767% of the company’s market cap and around 0.50% of the total institutional ownership; EDGEPOINT INVESTMENT GROUP INC., holding 36,625,167 shares of the stock with an approximate value of $836.52 million in MAT stocks shares; and VANGUARD GROUP INC, currently with $732.31 million in MAT stock with ownership of nearly 0.484% of the company’s market capitalization.

Positions in Mattel Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 194 institutional holders increased their position in Mattel Inc. [NASDAQ:MAT] by around 21,556,042 shares. Additionally, 137 investors decreased positions by around 26,800,041 shares, while 93 investors held positions by with 297,236,362 shares. The mentioned changes placed institutional holdings at 345,592,445 shares, according to the latest SEC report filing. MAT stock had 69 new institutional investments in for a total of 6,890,175 shares, while 41 institutional investors sold positions of 4,462,940 shares during the same period.

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